JBL vs SANM: Correlation
Measured on weekly returns over the past three years, Jabil (JBL) and Sanmina Corporation (SANM) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBL and SANM?
On 3 years of weekly data the JBL/SANM correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 1053.8 %².
Within JBL's tracked universe of 34 assets, SANM comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SANM outperformed by 23.5 percentage points (+50.4% for JBL against +73.9% for SANM).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
JBL vs SANM: side by side
| JBL (Jabil) | SANM (Sanmina Corporation) | |
|---|---|---|
| 1-year return | +50.4% | +73.9% |
| 5-year return | +405.5% | +410.5% |
| Volatility (ann.) | 40.6% | 46.6% |
| Beta vs S&P 500 | 1.47 | 1.34 |
| Max drawdown (3Y) | -36.8% | -42.0% |
| Market cap | $32.7B | $10.9B |
| P/E (trailing) | 38.9 | 35.6 |
| Dividend yield | 0.10% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | JBL | SANM |
|---|---|---|
| 2022 | -2.5% | +38.2% |
| 2023 | +87.4% | -10.3% |
| 2024 | +13.3% | +47.3% |
| 2025 | +58.7% | +98.3% |
| 2026 | +37.0% | +35.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBL and SANM good diversifiers for each other?
Only partially. A correlation of 0.56 means JBL and SANM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between JBL and SANM?
The JBL/SANM correlation stands at 0.56 on a 3-year window (1 year: 0.58, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is SANM a good diversifier for JBL?
Only partially. A correlation of 0.56 means JBL and SANM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jbl-vs-sanm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jbl-vs-sanm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JBL correlations · SANM correlations
